Prepare the statement of changes in Equity for the uear ended $29$ Feburary $2024$

Information

The information given below was extraacted from the accounting records of Benson Traders, a partnership buisness with Bennie and Sonny as partners.

Extratct from the ledger of Benson raders as at $29$ February $2024$

Capital: Bennie $-$ Credit R $1000000$

Capital$-$Sonny: R $800000$

Current a$/$c: Bennie $(01$ march $2023)$ Debit R$60000$

Current a$/$c: Sonny $(01$ March $2023)$ Credit $-80000$

Drawings:Bennie$-$Debit R$500000$

Drawaings: Sonny $-$Debit $600000$

The following must be considered

$1.$ The staement of Cmprehensive Income for the year ended $29$ February $2024$ refelected a net prifit of R $1200000$

$2.$ The partnership agrement provided for ntereste on Capitals at $15\%$ p$.$a on the balances in the Capital accounts. However, the partners agreed to increase the interest rate to $18\%$ p$.$awith effect from $01$ Seotember $2023.$Bennie aslo increased his capital contributed by R$200000$ on the same date. TheCapital has been recorderd

$3.$the partners are entitled to the following monthly salaraies

Bennie R $2000$

RSonny R$18000$

$4.$Sonny is entitled to a special bonus og $10\%$ of the net profit$($before any appropriations$)$

$5.$balance of the profit or loss must be shraed beetwenn Bennie and sonny in the rartio of thier capital balances at the bebinging of the finanical year.